Technology
April 22, 2024
73 views 4 mins 0

Oil prices fall more than 1% as Iran-Israel tensions ease

By Jeslyn Lerh SINGAPORE (Reuters) – Oil prices fell by more than 1% on Monday, as the market focus switched to fundamentals after Israel and Iran played down the risk of an escalation of hostilities following Israel’s apparently small strike on Iran. Brent futures fell $1.21, or 1.4%, to $86.08 a barrel by 0655 GMT. […]

Technology
April 22, 2024
148 views 4 mins 0

Oil prices retreat as US crude build, rate cut concerns come to the fore

By Colleen Howe BEIJING (Reuters) – Oil prices fell at Asia’s open on Monday, dragged down by a renewed focus on market fundamentals, as Israel and Iran played down the risks of an escalation of hostilities in the Middle East after Israel’s apparently small strike on Iran. Brent futures fell 54 cents, or 0.6%, to […]

Technology
April 22, 2024
57 views 2 mins 0

Oil futures fall as fears of a wider Middle East war fade

By Erwin Seba HOUSTON (Reuters) – Oil futures fell on Monday as traders focused on market fundamentals, seeing little near-term risk that the Middle East conflict would impact supply. Brent crude futures settled at $87.00 a barrel, down 29 cents, or 0.33%. U.S. West Texas Intermediate crude finished down 29 cents, or 0.35%, at $82.85 […]

Technology
April 22, 2024
184 views 8 mins 0

TikTok Braces for US Divest-or-Ban Law — And a Fresh Legal Fight

(Bloomberg) — After years of working to assure the US government that its popular social media app isn’t a threat to national security, TikTok’s loss in that fight now seems almost inevitable. Most Read from Bloomberg The US House of Representatives on Saturday put legislation requiring TikTok’s Chinese parent company, ByteDance Ltd., to divest its […]

Technology
April 22, 2024
149 views 3 mins 0

US commerce secretary downplays chip in advanced Huawei phone

WASHINGTON (Reuters) – The chip powering the Mate 60 Pro phone of sanctioned Chinese company Huawei is not as advanced as American chips, U.S. Commerce Secretary Gina Raimondo said on Sunday, arguing that it shows U.S. curbs on shipments to the telecoms equipment giant are working. Huawei, which has been on a trade restriction list […]

Technology
April 22, 2024
140 views 4 mins 0

Raimondo Says Huawei’s Chip Breakthrough Is Years Behind US Tech

(Bloomberg) — US Commerce Secretary Gina Raimondo said Huawei Technologies Co.’s latest phone shows that China remains behind on cutting-edge chip technology. Most Read from Bloomberg In an interview with CBS News’ 60 Minutes, Raimondo downplayed the company’s claims of a breakthrough and said the technology gap shows the Biden administration’s success in imposing export […]

Technology
April 22, 2024
88 views 13 mins 0

Elon Musk’s Robotaxi Dreams Plunge Tesla Into Chaos

(Bloomberg) — Elon Musk’s underlings at Tesla Inc. are accustomed to chaos. It comes with the territory of working for a chief executive who sets exacting targets and often abruptly switches directions — whose biographer describes his more intense moods as “demon mode.” Most Read from Bloomberg But even by Tesla standards, this year has […]

Technology
April 21, 2024
83 views 3 mins 0

TikTok to Remove Executive Tasked With Fending Off US Claims

(Bloomberg) — TikTok is preparing to remove a key executive responsible for convincing the US government that the company was doing enough to stave off national security concerns about its connections to China, according to people familiar with the matter. Most Read from Bloomberg Erich Andersen, the US-based general counsel for TikTok and its Chinese […]

Technology
April 21, 2024
216 views 10 mins 0

The aviation industry is looking for its own Tesla

While automakers — led by Tesla (TSLA) — have turned out entire fleets of EVs in recent years, aircraft manufacturers are much further away from electrifying the industry. That makes an industry goal to reach net zero emissions by 2050 all the more elusive, energy experts say. “Aviation is really hard to decarbonize,” Samantha Gross, […]

Technology
April 20, 2024
58 views 5 mins 0

TikTok Divest-or-Ban Bill Expected to Become US Law in Days

(Bloomberg) — The US House on Saturday put legislation forcing TikTok’s Chinese parent ByteDance Ltd. to divest its ownership stake on a fast track to become law, tying it to a crucial aid package for Ukraine and Israel. Most Read from Bloomberg A massive lobbying effort led by TikTok Chief Executive Officer Shou Chew failed […]